october 28, china longyuan power released its unaudited consolidated performance in the third quarter of 2014. in the evening of the day of release, jia nansong, the vice president and board secretary of the company, convened a teleconference with nearly 120 well-known institutional investors and analysts coming from hong kong, singapore, taiwan, australia, usa, europe, etc.
under the correct leadership of china guodian corporation and the board of directors of the company, china longyuan power is making steady efforts on the work named “five articles”, “four top classes” and “eight emphases” in order to strongly boost the work of every aspect, aiming for the successful establishment of a world-leading listed company in the new energy sector. now the overall business developing trend of the company goes smoothly to a better status. as of september 30, 2014, the company had gained operation revenue of rmb 12.789 billion yuan with rmb 7.666 billion yuan made by wind power, increased by 2.90% on year-on-year basis. in the disadvantageous situation of sharp decrease of wind resource in the first three quarters compared with last year, the company achieved the shareholders’ net profit of rmb 1.525 billion yuan. moreover, the company accomplished the generating power capacity of 23.589 billion kwh in accordance with the consolidated statements, in which the wind power reached 15.909 billion kwh and increased by 0.32% on year-on-year basis, while the installed wind power holding capacity reached 11.934 million kw with year-on-year growth of 11.94%.
the capital market demonstrates its understanding about the fewer utilization hours of wind power due to the weak wind resource this year, and the performance of the company is regarded as being in conformity with the market expectation by investors. via the question-and-answer link of the conference, the management particularly explained the issues generally concerned by the investors such as adjustment of wind power price, future target of installed capacity, cost control and offshore wind power prospect, which has greatly eased the worry of the investors, roused their confidence and solidified their recognition to the enterprise value of china longyuan power. after the release of the performance in the third quarter, the share price of the company continuously rebounded and the rise within 3 trading days reached 9.23%.